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✉news WorldUS Politics first seen 8 h ago, last 22 min ago, peak #22

Congress Passes Penny Rounding Rules, Silent Auction Ends Tomorrow

Original: Silent Auction Ends Tomorrow, Congress Passes Penny Rounding Rules, & More

Congress has passed new rules allowing penny rounding, a change tied to the phase-out of the US one-cent coin that will affect cash transactions nationwide. The news circulated in an industry update from the Illinois Restaurant Association, which also reminded members that its silent auction closes tomorrow. Restaurant operators are watching how the rounding rules will be implemented at registers.

Why now: Businesses are reacting to new federal penny rounding rules that change how cash transactions will be handled.

US CongressIllinois Restaurant Association

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